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PS’Soft Names Paul Rochester CEO

Redwood Shores, California – July 19th, 2006 – IT Services Management software company PS’Soft Inc. today named Paul Rochester as the company’s new chief executive officer. Rochester joined PS’Soft to launch the company globally with new worldwide headquarters in the United States, and offices in the United States, France and the UK.

“Paul brings tremendous business acumen and global contacts to this position,” said Trevor Kienzle, Managing Director at Newbury Ventures. “He is joining just as the value of PS’Soft solutions is being recognized by businesses and industry leaders alike. Paul’s experience in developing world class businesses and scaling them globally under tight quality and fiscal controls will be a vital asset to our customers and to the company in the next phase of growth.” Ed Ekstrom, Chairman of the Board of PS’Soft and Managing Director at vSpring Capital said “We were fortunate to find Paul with his experience scaling global organizations, his background in IT asset and service management and his cultural alignment with France.”

Rochester brings more than 30 years of executive leadership in capacities including sales, management consulting and general management. He was recently President and CEO of Conformative Systems, an XML appliance company that was bought by Intel in 2005. Prior to Conformative, Rochester was vice president and general manager of the global professional services division for Sun Microsystems, Inc., one of Sun’s fastest growing businesses with a 50 percent per year compounded growth rate. This billion dollar division eventually became a field force of more than 5,000 professionals on six continents and Rochester’s responsibilities expanded to include Sun’s internal global IT, call center and network infrastructure involving over 5,000 servers and 30,000 desktops worldwide.

Prior to Sun, Rochester was a senior partner with Computer Sciences Corporation (CSC), and before that held senior positions with Ernst & Young, SHL Systemhouse and Honeywell Information Systems. Rochester holds an MBA from the University of Ottawa and a Bachelor of Applied Science in Electrical Engineering from Queen’s University in Canada.

“I am joining PS’Soft at a time when IT Services Management is becoming an important weapon to execute on the corporation’s compliance and financial management strategy.” said Rochester. “My goal is to transform PS’Soft into a truly global software company. We have the technology, the people, the experience and know-how to expand our presence, and I am looking forward to working with our existing and future customers to shape the future of IT Services Management. I am also pleased to announce that Patrick Lhenry, PS’Soft’s founder and first CEO, has agreed to remain associated with the company as a domain expert and advisor on product strategy and customer matters.”

About PS’Soft, Inc.
PS’Soft is a leading provider of IT asset and services management solutions, helping companies effectively manage and control IT assets, telecom resources, and service level agreements within their organizations. With 2,000 successfully installed sites worldwide, PS’Soft provides IT and Telecom executives with powerful infrastructure resource planning tools to efficiently manage corporate assets and reduce costs. The company has offices in Redwood Shores, Boston, Salt Lake City, Paris, London, and Sophia-Antipolis. For more information about PS’Soft and its suite of products and services, please visit www.pssoft.com.